It is plausible in the sense of "plausible deniability". Imagine MBS saying something like "That Khashoggi guy, I wish somebody hacked him to pieces!".
You can interpret that as an order, or you can interpret that as a more casual remark of frustration. If you're ordering a murder, you may well want that kind of ambiguity in the order.
Furthermore, sometimes an unwise underling implements the perceived will of the dear leader in a way that is counter to their interest, e.g the assassination of Pompey "on behalf" of Julius Caesar.
In hindsight, it wouldn't make sense for MBS to order this killing, but it would make sense for a rival to blame the murder on him. That's hindsight of course. Equally plausible is the scenario where MBS is so self-absorbed, he orders the killing without regard to potential consequences.